Good morning, DapDap community! 🤜🤛

Another week has flown by, and we're here to bring you the most essential updates of all things happening across Ethereum DeFi. Our aim? To ensure you have a bird's-eye view of the evolving Layer 2 market, including the latest updates on projects, products, and the occasional turbulence that intrigues the crypto world.

News Highlights

1. Spot $ETH approved, most likely will begin trading on July/August 2024

2. @GoGalaGames ‘s Founder Stepping Down after exploited for $22M

3. Ethereum Pectra, targeted for Q1 2025

4. @JupiterExchange is kicking off the Giant Unified Market initiative, memecoins, RWAs, stocks or forex all in one place

5. Stargate V2 on May 28th

6. ONDO released $rUSDY

7. EtherFi Introduced Ether.fi Cash, a mobile wallet and Visa credit card

8. Metamask supports Bitcoin Network

9. @Claystack_HQ shutting down

10. @DebankDeFi introduces "Credit"

11. Uniswaps Labs and Across Protocol introduce token standard ERC-7683 for better cross-chain interoperability

12. EigenLayer $EIGEN FAQ

13. @rabby_io hints snapshot

14. Galxe will launch a L1 on June using Arbitrum Nitro

15. ENS domains introduces ENSv2, ENS on l2s network

16. HyperliquidX on Arbitrum extends points program

17. Linea paused their chain due to Velocore incident

Ecosystem Updates

Arbitrum

1. Hyperliquid Permissionles Spot Deployed on mainnet

2. Aevo Airdrops & Aevo Staking Benefits

3. Binance Labs invested in @aevoxyz

Base

1. $NORMIE , memecoin on @base , got exploited

2. @onchaincoin Onchain Tokenomics

3. Base 10th Wave of 2024 Builder’s Grant

4. Morpho Lab is coming to Base

5. Radient Capital Proposal to deploy on Base

6. Base(.)fun

Scroll

1. Scroll lived on Wormhole

2. Safe{Core} and Safe{Wallet} are now live on @Scroll_ZKP

3. @VesselFinance upcoming launch on Scroll

4. @RhoMarketsHQ Twitter account has been compromised

Blast

1. Blast reached $3.2B in TVL

2. Wormhole lived on Blast

3. Blast will be upgraded to support blobs on Monday May 27 at 2PM PT

4. @InitCapital_weETH looping hook on Blast, in partnership with Ether.fi and Thruster

Mantle

1. @MerchantMoe_xyz 100% protocol fee turning next week

2. @InitCapital_ Dapp-a-thon

3. Mantle’s Latest Proposal: MIP-30, Exproring the next phrase of $mETH - $cmETH

4. @smolrefuel added Mantle into their Gasless Swap Function

Linea

1. Linea Discord got hacked

2. Across Protocol Linea OG Rush campaign

3. Linea achieved 1B TVL

4. Frax Finance Expands to Linea Network

5. @lynexfi ‘s thread on How to Join The #SurgeOnLinea Campaign

zkSync

1. @zksync aiming for Airdrop on June 13th

2. @zksync vs @Polyhedrazk regarding $ZK ticker

Mode

1. @AcrossProtocol Proposal for supporting Mode Network is now live

2. @Glypherio , First Inscription Market on Mode Network

3. @holyheld , On-offramp solution lived on Mode Network

4. @beefyfinance is now live on Mode Network

Starknet

1. Starkware introduced ZKThreads

Upcoming Token Launch

1. @deBridgeFinance $DBR will launch on Jupiter’s LFG Launchpad

2. @lista_dao is launching on Binance’s MegaDrop

3. @swellnetworkio TGE Coming soon

4. @MysoFinance Initial Open Offering

5. $ZRS Token Launch on @FjordFoundry

New Fundraising

1. Fantom developers introduce foundation for Sonic, close $10 million strategic round

2. Farcaster $150M Fundraise, led by Paradigm

New Products

1. @splice_fi , pendle on @modenetwork

2. @KakarotZkEvm - an EVM-compatible ZK-Rollup built on the Cairo stack

3. @CatalystAMM - New cross-chain swap application

That's it for this week's Intern market alpha! 📓 🤓

Stay stun for the next version 👀